Revenue deficit touched a staggering Rs 45,472.77 crore, according to the state finance accounts released by the Comptroller and Auditor General.
In the case of states, the fiscal gap will rise by 200 bps after the Centre hiked the borrowing limit of states to 5 per cent of GSDP on Sunday
Latest RBI data compares FY16 deficit to FY91 as well as projections in FY17
Excluding Uday bonds, it would have been 2.7% of GDP
7th pay commission, higher fiscal deficits and demonetisation likely reason